A shorter, shallower property price downturn could be on the cards on the back of the Coalition’s victory at the polls, experts say. It’s pretty clear to us that the bottom [of the market] is just around the corner,” Commonwealth Bank senior economist Gareth Aird said. “We had a 15 per cent [peak-to-trough price forecast] and we’re…
The pink Mars wonders appeared this morning in the Albany area of Auckland. Not only that, but a large number of people wearing pink T-shirts, including Jacinda Ardern PM, have appeared throughout New Zealand. Yes, today is New Zealand’s “Country Anti-Bullying Day”! Also known as “Pink Shirt Day”, it is a publicity day confirmed by…
After the fluctuation of shifting rate and housing prices, this market needs a push, as sales of luxurious countryside homes just gone into extreme quietness. Most properties have been listed in the market for too long while experiencing few or none response, with very limited number of appointments for viewing. As proofed by the fact…
Upgrades to the FTA agreement between New Zealand and China have recently been discussed during the short visit by the prime minister to China, among other discussions regarding the belt and road initiative proposed to integrate the eccomerce trade between the pacific and international countries promoting integrated connection in not only infrastructure developments but financial…
Large media attention regarding a proposed capital gains tax has drawn large public option and debate regarding the advantages and disadvantages, with the tax working group delivering final report on the 21st February 2019. The aim to increase ” improve housing affordability, lead to a higher rate of home ownership, help remove the heavy skew we have…
Insulation Statements are now compulsory with all new tenancy agreements. Insulation will be compulsory in all rental homes from 1 July 2019. From 1 July 2019, ceiling and underfloor insulation will be compulsory in all rental homes where it is reasonably practicable to install. It must comply with the regulations and be safely installed. A…
Building consent data shows an increase year on year. A total of 32,996 new dwellings were issued building consents, up 6.1% on 2017 as reported by statistics nz. Last recorded low of building consent was 2011 for 13,662 which has seen a year on year growth over the following 7 years. Government departments including Kiwi…
More infrastructure will be invited into the area to support plan change North Auckland will get a $91m infrastructure package to support the building of 9000 homes at Wainui, north of Auckland City. The money will come from a partnership between Auckland Council, Crown Infrastructure Partners and Fulton Hogan Land Development, which will fund $91 million…
REINZ figures released today showed the year ended on a slow note, with the lowest number of residential properties sold for the month of December for seven years. The data showed a 13 per cent annual fall in national house sale numbers, from 6,117 in December 2017 to 5,330 last month. Auckland was particularly hard-hit…
AUCKLAND REINZ REGIONAL COMMENTARY Compared to November 2017 • Median Price down 1.5% • Sales Count up 3.9% • Days to Sell increased 2 days Compared to October 2018 • Median Price up 0.3% • Seasonally adjusted median price down 1.3% • Sales Count up 1.0% • Seasonally adjusted sales count down 8.5% • Days…